Greetings, edgynewparts, you are doing with your credit card balance what I have myself done - banked the proceeds to earn interest over and above what you actually owe in interest on the cards. In this case, the card balance is a moneymaker for you.

What I think is being discussed here is using credit cards as extenders of one's means. Spending on cards rather than spending one's money, and having this lead to debt. What you have I would say does not qualify as debt. Sure, you have a balance on the card BUT those proceeds are simply sitting in another of your accounts earning you money until you are ready to pay it off. It would be a different story had you spent $48,000+ that you no longer had anything to show for apart from the bottom line that you'd be obliged to pay back.

Great use of a credit card, by the way. That's making the card into your own workhorse interest-earning engine. No debt for you!

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